Released on = January 18, 2006, 10:05 am

Press Release Author = Peter Siegel / Business Exchange Network

Industry = Small Business

Press Release Summary = Sonoma County, California. 2 Sonoma County business sales
were recorded from small business owners, business brokers, & real estate agents
throughout all of California for the week of January 9, 2006 thru January 15, 2006.
Sales of small and mid-sized businesses this past week picked up after the sluggish
period at the end of last year. Recorded sales should start increasing over the next
several weeks due to business brokers and owners getting back to work.


Press Release Body = Sonoma County, California. 2 Sonoma County business sales were
recorded from small business owners, business brokers, & real estate agents
throughout all of California for the week of January 9, 2006 thru January 15, 2006.
Sales of small and mid-sized businesses this past week picked up after the sluggish
period at the end of last year. Recorded sales should start increasing over the next
several weeks due to business brokers and owners getting back to work.

Sales of Sonoma County businesses during this time period by City include:
Occidental: 1. Petaluma: 1.

This Week\'s BizBen.com Tip For Successfully SELLING A Sonoma County Business:
Have All Records Ready Before You Go To Market!
Have these items ready before the business goes on the market to be sold: The last 3
years of federal tax returns for the business being sold, the last 3 years of
financials (profit & loss statement, balance sheet), the last 3 years of monthly
bank statements, copy of current lease, list of all equipment being sold with the
business, etc - many parties during the selling process will need this info -
serious business buyers, your landlord for a new lease for the new buyer, lenders
(for a possible loan/financing for the buyer, note buyback firm (in case you want to
sell the note for cash after the business sells). Also make sure you know what the
correct Adjusted Net income has been for the last 3 years. Serious business buyers
will want to know this. Adjusted Net income is: Net Income + Owners Salary +
Depreciation + Interest Expenses + Other Business Expenses Written Off (Deducted)
That May Not Necessarily Be Business Expenses To The New Owner Of The Business.


This Week\'s BizBen.com Tip For Successfully BUYING A Sonoma County Business:
Have Your Professionals Lined Up Before You Sign A Contract
You will be utilizing many professionals to buy a business. Make sure you have a CPA
or Due Diligence Consultant to help you look at the financials and paperwork of the
business to make sure it is in order. You will also possible need financing (a loan
for the purchase), escrow services, an attorney to review contracts and possible
other services to assist you in the buying of your business. For resources to sell
and buy businesses in California go to: http://www.bizben.com/resources


For all ACTIVE businesses for sale in Sonoma County go to:
www.BizBen.com/listings/sonoma-county.php

For a complete list of professional business brokers and agents in Sonoma County go to:
www.BizBen.com/brokers/sonoma-county.php

For a list of resources for buying and selling businesses in Sonoma County go to:
www.BizBen.com/resources/sonoma-county.php

For all workshops this month on the topic of selling and buying a business go to:
www.BizBen.com/workshops

Blog on buying and selling businesses - see the latest topics, events, & info at:
www.USABizMart.com/blog


Peter Siegel, MBA the founder of both BizBen.com and USABizMart.com has been keeping
stats of California business sales for over 7 years. Mr. Siegel has written 3 books
on the topic of selling and buying businesses and is the author of a highly visited
blog on this topic. Mr. Siegel also writes a daily blog on the topic of selling and
buying businesses at www.USABizMart.com/blog. Established over 10 years BizBen.com /
California Businesses For Sale is the largest \"clearinghouse\" of businesses for sale
in all counties of California. On average over 80 new California small to mid-sized
businesses for sale are listed daily on their website at www.BizBen.com.

Contact Information:

BizBen.com
800-572-7260
http://www.BizBen.com



Web Site = http://www.bizben.com

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